Question
If Dana views Pepsi and Coke as perfect substitutes (MRS = 1), which utility functions might reflect Dana's preferences? (select each correct answer) a. U
If Dana views Pepsi and Coke as perfect substitutes (MRS = 1), which utility functions might reflect Dana's preferences?
(select each correct answer)
a. U (c,p) = c + p
b. U (c,p) = square root c +p
c. U (c,p) = 2c + 2p
d. U (c,p) = square root 2c + 2p
e. U (c,p) = 2c + p
f. U (c,p) = square root 2c + p
g. U (c,p) = cp
h. U (c,p) = square root cp
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
